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inventory management

As organizations begin to strategize for the year ahead, retailers and consumer product companies looking to thrive in the digital era know it’s pivotal to incorporate new technologies into their business. Here is how organizations now have a 360-degree view of the supply chain.

Logility, Inc., a provider of collaborative supply chain optimization and retail planning solutions, has acquired Halo Business Intelligence and its advanced analytics and business intelligence capabilities for supply chains.

Big data analysis has revolutionized the understanding of customer demand, providing visibility and precision for inventory planning on a whole new level. Now you can not only better understand what influences buying behavior but begin predicting what and when customers will buy with unprecedented accuracy.

Every day, small and midsize businesses face inventory risks that, if left unmanaged, can negatively impact the bottom line. However, these issues can often be diagnosed well in advance with the right preparation. Asking your team the following questions can help you accurately gauge the health of your inventory management processes.

For lighting, furniture and home décor wholesale manufacturer Regina Andrew Design, having all of its inventory data on one system was important to the success of its business. Here is how it streamlined its inventory data to cater to both B2B and B2C customers.

Inventory management is a pain point that plagues many retailers. Without an effective strategy, companies can make critical mistakes: tie up capital in excess inventory, create picking errors in the warehouse and even miss sales opportunities due to out-of-stock products. Here are four tips to help retailers develop an inventory plan that works.

To remain competitive, many companies are looking to add distribution centers closer to the customer so they can offer more products quickly. Part of this planning process involves managing multi-DC inventories and fulfilling customer orders. Here are the factors to consider and how they impact your inventory costs.

As Amazon’s multi-fulfillment-center strategy continues to put pressure on multichannel merchants, having an effective inventory management strategy to maximize sales, profits and customer service becomes that much more crucial. Here are 10 points to consider as you develop and refine your inventory strategy.